Amazon hikes price for its Prime service by 18 percent

Reuters News
Posted: Jan 19, 2018 9:29 AM

(Reuters) - Inc <AMZN.O> on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99.

Existing monthly Prime and Prime Student members will pay the new price for renewals after Feb. 18, Amazon said on its website.

Amazon's shares were up 1.8 percent at $1317.00 in premarket trading on Friday.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)